DCSIMG

Solar firm sees the light with loan deal

editorial image

editorial image

The future of a Blyth business is looking brighter following a loan from a Northumberland growth programme.

Solar Capture Technologies specialises in the research, development and production of specialist photovoltaic systems, harnessing sunlight to provide sustainable energy for a range of end-uses.

And it has just received a loan from Northumberland Development Company Arch of more than £100,000.

Chief executive Steve Caseley has a background in the energy and renewables sector having previously worked at Narec and Eaga.

In late 2012 he identified the Narec PV centre as a facility with commercial potential and an already established market lead in research and development, so in 2013 he established Solar Capture Technologies and took over the facility, investing significant sums of his own money toget with support from Arch.

The loan has allowed the business to expand the commercial operations with the expectation employing 16 full-time employees within two years.

Employment now stands at 14 people at its site in Blyth and the company is planning further recruitment to meet increasing demand.

He said: “When I was looking for support the Arch team were extremely helpful and gave me some guidance on how to make an application into the fund.

“This ensured we were able to save the business keeping all of the staff employed.”

Peter McIntyre, Arch Group Managing Director said: “In the specific case of Solar Capture we were pleased to be able support the investment by Steve to maintain, and develop further, significant regional capabilities in the renewables sector.”

 

Comments

 
 

Back to the top of the page